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Side-by-side financial comparison of Innventure, Inc. (INV) and Lakeshore Acquisition III Corp. (LCCC). Click either name above to swap in a different company.
Innventure, Inc. is the larger business by last-quarter revenue ($822.0K vs $717.3K, roughly 1.1× Lakeshore Acquisition III Corp.). Lakeshore Acquisition III Corp. runs the higher net margin — 67.9% vs -4593.8%, a 4661.7% gap on every dollar of revenue.
Innventure, Inc. is a business development and commercialization firm that partners with large global corporations to turn their underutilized intellectual property and unused R&D innovations into scalable, high-growth independent businesses. It focuses on sectors including sustainability, advanced materials and life sciences, serving primarily North American and European markets.
INV vs LCCC — Head-to-Head
Income Statement — Q4 2025 vs Q3 2025
| Metric | | |
|---|---|---|
| Revenue | $822.0K | $717.3K |
| Net Profit | $-37.8M | $486.8K |
| Gross Margin | -1315.8% | — |
| Operating Margin | -3859.1% | -32.1% |
| Net Margin | -4593.8% | 67.9% |
| Revenue YoY | — | — |
| Net Profit YoY | — | — |
| EPS (diluted) | $-0.18 | $0.08 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $822.0K | — | ||
| Q3 25 | $534.0K | $717.3K | ||
| Q2 25 | $476.0K | $467.3K | ||
| Q1 25 | $224.0K | — | ||
| Q3 24 | $317.0K | — |
| Q4 25 | $-37.8M | — | ||
| Q3 25 | $-28.3M | $486.8K | ||
| Q2 25 | $-84.2M | $216.5K | ||
| Q1 25 | $-143.0M | — | ||
| Q3 24 | $-2.2M | — |
| Q4 25 | -1315.8% | — | ||
| Q3 25 | -676.6% | — | ||
| Q2 25 | -501.1% | — | ||
| Q1 25 | 17.9% | — | ||
| Q3 24 | -145.1% | — |
| Q4 25 | -3859.1% | — | ||
| Q3 25 | -5469.1% | -32.1% | ||
| Q2 25 | -29952.5% | -53.7% | ||
| Q1 25 | -116606.3% | — | ||
| Q3 24 | -4313.6% | — |
| Q4 25 | -4593.8% | — | ||
| Q3 25 | -5305.6% | 67.9% | ||
| Q2 25 | -17694.7% | 46.3% | ||
| Q1 25 | -63837.9% | — | ||
| Q3 24 | -697.5% | — |
| Q4 25 | $-0.18 | — | ||
| Q3 25 | $-0.51 | $0.08 | ||
| Q2 25 | $-1.60 | $0.06 | ||
| Q1 25 | $-3.10 | — | ||
| Q3 24 | $-0.94 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $60.4M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $204.2M | $-1.6M |
| Total Assets | $599.2M | $71.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.4M | — | ||
| Q3 25 | $9.1M | — | ||
| Q2 25 | $7.0M | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | $14.9M | — |
| Q4 25 | $204.2M | — | ||
| Q3 25 | $190.8M | $-1.6M | ||
| Q2 25 | $218.6M | $-1.4M | ||
| Q1 25 | $261.5M | — | ||
| Q3 24 | $-22.3M | — |
| Q4 25 | $599.2M | — | ||
| Q3 25 | $556.5M | $71.0M | ||
| Q2 25 | $556.0M | $70.5M | ||
| Q1 25 | $660.4M | — | ||
| Q3 24 | $55.7M | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-24.4M | $-206.3K |
| Free Cash FlowOCF − Capex | $-24.4M | — |
| FCF MarginFCF / Revenue | -2968.5% | — |
| Capex IntensityCapex / Revenue | 5.6% | — |
| Cash ConversionOCF / Net Profit | — | -0.42× |
| TTM Free Cash FlowTrailing 4 quarters | $-82.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-24.4M | — | ||
| Q3 25 | $-19.6M | $-206.3K | ||
| Q2 25 | $-22.1M | $-218.3K | ||
| Q1 25 | $-14.7M | — | ||
| Q3 24 | — | — |
| Q4 25 | $-24.4M | — | ||
| Q3 25 | $-20.0M | — | ||
| Q2 25 | $-22.1M | — | ||
| Q1 25 | $-15.6M | — | ||
| Q3 24 | — | — |
| Q4 25 | -2968.5% | — | ||
| Q3 25 | -3747.8% | — | ||
| Q2 25 | -4637.2% | — | ||
| Q1 25 | -6970.1% | — | ||
| Q3 24 | — | — |
| Q4 25 | 5.6% | — | ||
| Q3 25 | 82.2% | — | ||
| Q2 25 | 3.2% | — | ||
| Q1 25 | 409.4% | — | ||
| Q3 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | -0.42× | ||
| Q2 25 | — | -1.01× | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
